NexgenRx Announces Financial Results for Q2 2021 With Continued Growth in Revenues and Adjusted EBITDA

Aug 19, 2021

TORONTO, ON / ACCESSWIRE / August 18, 2021 / NEXGENRX INC. (TSXV:NXG, Financial) ("NexgenRx" or the "Company") is pleased to announce its interim financial results for the second quarter ended June 30, 2021, which continue to build upon the Company's positive 2020 year-end and Q1 2021 results. Despite the continued lockdowns due to COVID-19 throughout the second quarter, the Company's Q2 revenue was $2,761,544, an increase of $356,305 (14.8%) compared to the same period in 2020. Gross profit for Q1 2021 was $2,223,737, an increase of $97,440 compared to Q1 2020. The Company's net income for the quarter was $380,106, a drop of $98,998 over Q2 2020, mainly due to substantial investments made in the Company's technology platform. Adjusted EBITDA for the quarter was $867,215, representing an increase of $88,357 or 11.3% over same period in the prior year.

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